- Rating of CARE AA (Stable) from CARE Ratings
- Rating of Ind AA with Stable Outlook from India Ratings & Research
Mumbai, December 23, 2016: YES BANK, India’s 5th largest private sector Bank has announced that it has received ratings for an additional amount of INR 1500 Cr of Basel III Compliant AT1 (Additional Tier-1) Bonds. This takes the quantum of rated Basel - III Compliant AT1 bonds to INR 3600 Cr.
- CARE Ratings - CARE AA with Stable Outlook – Link to the detailed Rating Rationale.
- India Ratings & Research (a Fitch Group Company) – Ind AA with Stable Outlook – Link to the detailed Rating Rationale.
YES BANK had announced on 19th December, 2016 that it has received ratings for INR 2100 Crores of Basel III Compliant AT1(Additional Tier-1) Bonds (Link to the Press Announcement: https://www.yesbank.in/media/press-releases/fy-2016-17/yes-bank-receives-ratings-from-both-care-ratings-and-india-ratings-for-basel-iii-at1-bonds )
About YES BANK
YES BANK, India’s fourth largest private sector Bank with a pan India presence across all 29 states and 7 Union Territories of India, headquartered in the Lower Parel Innovation District (LPID) of Mumbai, is the outcome of the professional & entrepreneurial commitment of its Founder Rana Kapoor and its Top Management team, to establish a high quality, customer centric, service driven, private Indian Bank catering to the future businesses of India.
YES BANK has adopted international best practices, the highest standards of service quality and operational excellence, and offers comprehensive banking and financial solutions to all its valued customers.
YES BANK has a knowledge driven approach to banking, and offers a superior customer experience for its retail, corporate and emerging corporate banking clients. YES BANK is steadily evolving as the Professionals’ Bank of India with the long term mission of “BUILDING INDIA’s FINEST QUALITY LARGE BANK”.
For further information, please contact:
Ph.: +91 22 3347 9753, +91 9820813570
Ph.: +91 9820660467